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Dong Mingzhu dream Yinlong, dream broken Yinlong?

According to media reports, the industrial and commercial changes occurred in Yinlong New Energy Co., Ltd. on June 24, and Dong Mingzhu withdrew from his shareholders. However, Yinlong New Energy said in a statement today, "the media reported that 'Yinlong New Energy Co., Ltd. has undergone industrial and commercial changes, Dong Mingzhu withdrew from shareholders' and other related news is seriously untrue. Ms. Dong Mingzhu, the shareholder of the company, has not changed anything." It is worth mentioning that Dong Mingzhu is no longer on the list of shareholders of Yinlong New Energy through the inquiry of Heaven Eye.

According to public data, Yinlong New Energy Co., Ltd. was founded in 2008, headquartered in Zhuhai, Guangdong Province, with a registered capital of 1.1 billion yuan. Is a collection of battery, motor electric control, charging equipment, pure electric vehicle research and development, production, sales and power battery recycling new energy industry group.

In fact, Dong Mingzhu was once optimistic about the development prospects of Yinlong New Energy and hoped that Gree Electric Appliances could include it under its command. After Dong Mingzhu's decision to invest in Yinlong was rejected by the shareholders' meeting in 2016, Dong Mingzhu was still obsessed with Yinlong.

As a result, after the rejection of the investment in Yinlong New Energy, Dong Mingzhu decided to raise 1 billion yuan by herself, and Wang Jianlin in Wanda Plaza jointly increased 3 billion yuan to Yinlong New Energy, eventually becoming the second largest shareholder of Yinlong New Energy, with a shareholding of 22.388%. Dong Mingzhu also started her dream of building a car.

In March 2017, Dong Mingzhu further increased the capital of Yinlong New Energy, and its personal shareholding increased from 7.46% to 17.46%, making it the second largest shareholder of Yinlong New Energy, second only to Guangdong Yintong Investment holding Group Co., Ltd., which is controlled by Wei Yincang.

However, Dong Mingzhu's road to building a car is not smooth. After taking a stake in Yinlong New Energy, it fell into a whirlpool of negative news such as delinquent payment, compensation fraud, work stoppage, layoffs and so on.

In early 2018, it was revealed that Yinlong New Energy was in arrears with suppliers, and a number of suppliers asked for payment at the Yinlong gate; in May 2018, Yinlong New Energy listing tutoring was terminated, and large-scale work stoppage and employee turnover occurred in its Wu'an Automobile Industrial Park in Handan, Hebei Province; in July 2018, Yinlong New Energy Nanjing Industrial Park had a dispute with the owner and was seized by the higher people's Court of Jiangsu Province. In November 2018, Yinlong New Energy revealed that Wei Yincang, a major shareholder, and Sun Guohua, former president, encroached on the company's interests through related party transactions, involving more than 1 billion yuan. Yinlong New Energy was listed as the executee by the Beijing No. 1 Intermediate people's Court in November 2019, and the target of execution was 36.668 million yuan.

At present, the main business of Yinlong New Energy is mainly new energy commercial vehicles. According to the latest data from the China bus Statistical Information Network, sales of Yinlong new energy buses reached 2708 in 2019, down as much as 62.8% from the same period last year. Today, the performance of Yinlong New Energy is sluggish, and now it is rumored to withdraw from the position of shareholder. Where will Dong Mingzhu's dream of building a new energy car go?

In fact, there are many new examples of cross-border car-building by corporate giants. Letv, Jia Yueting, Dyson, Wuliangye, Apple, and Xu Jiayin of Evergrande all want to overtake around the corner and "share a piece of cake" in the good period of the development of new energy vehicles. However, the current new energy vehicle market tends to be saturated, with traditional car companies in front and new car-building forces later. Under the premise of a fixed scale of the automobile market and under the background of intensified competition in the market, it is certain that some car companies will withdraw because their development is not up to expectations.

Although Dong Mingzhu's entry into the auto industry was not optimistic at the very beginning, according to Dong Mingzhu, "I didn't know it was a 'hole' until I entered Yinlong, but I didn't regret building a car, even though it was a hard time in Yinlong." only after experience will you have a greater say. "

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